Internal Audit Specialist
Under general supervision, performs moderate and complex audits of accounting; treasury; financial reporting; and core business areas such as Claims, Underwriting, Billing & Collection; regulatory compliance; anti–fraud controls; and to a limited scope, Information Technology.
Individually or with an audit team, executes audit programs for audits and projects of all levels of complexity, develops and sells audit recommendations to improve the quality of controls, drafts audit reports, coordinates issuance of audit report, and tracks completion of corrective actions. Assists in the development of the annual risk assessment and audit plan. Provides counsel on internal controls to those audited and promotes awareness and accountability for adequate and effective controls throughout the organization.
Develops audit programs for moderately complex and complex audits and projects based on a thorough knowledge of the Company's operations and key processes.
Audit program includes a project level of risk assessment, audit scope determination, and appropriate audit steps.
Audit projects include evaluation of the design and effectiveness of existing controls, assessment of efficient and effective utilization of Company resources, fraud, investigations, special projects such as SOX compliance reviews, and requests from management. Executes audit programs or projects for all levels of complexity.
Consults with the Director on significant issues identified. Collects, analyzes (performs data extraction if necessary), and tests controls for effectiveness. Documents audit results in audit work papers in accordance with established standards.
Worker characteristics are normally acquired through completion of a Bachelor's degree (BA, BS) and 3 – 4 years of experience; or equivalent combination of education and experience. Strong internal audit and fraud investigation background/experience in the Property and Casualty Insurance industry, as well as CFE designation or pursuit, preferred.